A forensic audit of the embattled Amrapali Group has discovered that posh flats had been booked on sums as little as Re 1, Rs 5 and Rs 11 per sq. toes within the identify of over 500 folks, court-appointed auditors advised the Supreme Courtroom on Wednesday.
The audit discovered that 23 corporations had been floated within the identify of workplace boys, peons and drivers and these companies had been a part of Amrapali consortium and had been made fronts to divert house patrons’ cash.
The 2 forensic auditors advised the highest court docket that they’ve issued notices to 655 folks on whose names “benami” flats had been booked however nobody was present in 122 such areas.
The interim report of forensic auditors which was submitted earlier than a bench of Justices Arun Mishra and UU Lalit stated that chief monetary officer (CFO) Chander Wadhwa transferred Rs 4.75 crore to “unidentified individuals” simply three days earlier than he deposed earlier than the highest court docket on October 26 final yr.
“He (Wadhwa) had in his account Rs 12 crore until March 2018. Then he had transferred Rs 1 crore within the identify of his spouse. Simply three days earlier than he appeared within the court docket for the primary time on October 26, 2018, he had transferred Rs 4.75 crore to some unidentified individuals,” forensic auditor Pawan Kumar Agarwal advised the Supreme Courtroom.
The court docket pulled up Wadhwa and warned him of contempt motion. “You (Wadhwa) are placing spoke within the wheels of justice. You very effectively knew that questions will likely be requested by the court docket and therefore you transferred the cash. We wish all the tranche of cash again in seven days time. You had no enterprise to switch the cash on October 23, 2018. You’ve got obstructed the course of justice and we might haul you up for contempt of court docket,” the bench stated.
The court docket additionally requested the forensic auditors to provide the orders of earnings tax division which throughout its search and seizure performed in 2013-14 had recovered Rs 200 crore bogus payments and vouchers in addition to Rs 1 crore from Amrapali Group CMD Anil Kumar Sharma and Rs 1 crore from director Shiv Priya.
One other forensic auditor Ravi Bhatia advised the court docket that Amrapali Group had appealed in opposition to the IT order which had deleted the paragraph which talked about of Rs 200 bogus payments and vouchers raised on account of buy of uncooked materials.
“You submit us each the orders of IT division and the appellate authority. We wish to see them,” the bench stated.
The forensic auditors additionally stated shares bought and settlement of JP Morgan Actual Property fund and Amrapali Group had been in violation of the provisions of legislation.